A large GDP indicates a higher revenue and increased production. Such GDP will boost or improve government expenditure and perhaps reduce taxation. Also in a well organized society or state, a large GDP can enhance economic activities resulting to growth.
Yes it is good to have a high GDP per capita.
no
Good
high rae of unemployment
A large GDP indicates a higher revenue and increased production. Such GDP will boost or improve government expenditure and perhaps reduce taxation. Also in a well organized society or state, a large GDP can enhance economic activities resulting to growth.
Yes it is good to have a high GDP per capita.
no
GDP (purchasing power parity):$20.87 billionnote: Albania has a large gray economy that may be as large as 50% of official GDP (2007 est.)
Good
high rae of unemployment
The GDP of a country - or even a large community - cannot be zero. Zero GDP implies that there is no output (goods or services), nobody spends anything (on things from inventories or imports), nobody earns anything.
Real GDP is a measure of the economic output of a country. The absolute measure only tells you what that output was for a particular period. The more important measure for employment is the difference between real GDP and a theoretical real GDP which economists use to calculate the maximum output of an economy. When the gap between real GDP and maximum output GDP is large, the unemployment rate will be large and vice versa.
used good sales are not included in GDP, because it is treated as asset transfer.
GDP: gross domestic product; basically how much money taken by the country from within itself. Real GDP: * definition waiting. Per capita GDP: The GDP divided by the population. A good estimate of how much each person makes - a larger population with a fairly large GDP might appear to be better off, but a lower per capita GDP indicates that it is not as good as a smalller country with higher per capita GDP.
Those purchases would be counted as a final good in GDP calculation which are made by final consumers for their own use.
a plato